🧠 Analysis:

Price context: ETH is consolidating around $3,442, bouncing off the $3,150–3,300 support zone seen intraday

Trend structure: The daily chart shows a clear upward channel following a breakout above $3,200—resistance-turned-support—a typical bullish pattern aiming for the next level at $3,400.

Momentum & volume: Technical indicators including RSI, EMAs (20/50/100/200 DMA) are all bullish, with strong volume backing the move.

Key technical levels:

Support: 3,300–3,360 (entry range) and next safe zone at 3,240
Resistance: 3,450 (R1), 3,550 (R2), 3,650 (R3) per fib and pivot analysis

Catalysts: Spot ETH ETF inflows (~$717 M on July 16), rising staking activity, and growing layer‑2 adoption continue fueling bullish sentiment

Watch For:

A break above 3,450 could drive a quick move toward 3,550–3,650.
A drop below 3,300, especially under 3,240, may invalidate the bullish setup—triggering stop‑loss.

📌 Disclaimer: DYOR | Not financial advice | Risk management essential

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